Mortgage credit availability loosened in September, driven by an increase in jumbo loans, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index, which analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The MCAI rose by 0.9% to 183.4 in September. A decline in the MCAI indicates that lending standards are tightening, […more]
Posted in: San Francisco
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